.....Ok Mr know it all Rt wing talking point guy let's look at some of the choices that Bush made that might affect the price of oil.
In the early run up on oil prices he decided to dump more oil into the strategic reserve-less supply=higher prices. Bush didn't dump MORE in, he chose not to take any out
No energy policy for most of his presidency other than the secret one with Cheney and all their oil executive buddies.if its secret, how do you know about it
Invade a top producing oil country and knock their supply off the market-less oil=higher price. the recent run up in price has come at a time when Iraq exports to the U.S. INCREASED from 325 thousand barrels/day at the start of '07, to 780 thousand barrels/day now. Since overthrowing Saddam and getting production going again, it has increased exponentially every year
Threaten Iran, another oil producer- price goes up again. Iran is not even in the top 15 oil supplier to the U.S.
Let's not forget the their ploys at overthrowing Chavez, another oil rich country. Chavez has threatened, but has not reduced supply to the U.S.
So now you are not for a totally free market? You want some regulation? I agree- lots of people borrowed way over their heads and deserve to lose their a$$ for doing so. So tell me what's wrong with a little regulation in lending practices? Sure the market will correct but if you didn't have salesmen pushing morgages on people who couldn't afford it our economy wouldn't be in the dumps right now. Or as a free market guy would you rather have the huge swings?
See comments in red...not bashing you, we are all entitled to our opinions, it's what makes the U.S. great. But, your ideas reek of conspiracy theory...you give Bush WAY too much credit.
travydog, the increase in demand is not just from this country, but other developing nations like China, Russia, Taiwan, etc...and even though there has been a push in this country to conserve, our petroleum use continues to rise every year (remember, gas represents only about 50% of petro production). Prices will continue to rise until we reach a breaking point where the consumer reduces demand.
my2c
modsledr